Ever since the IL&FS crisis erupted, banks have been averse to lending to the sector, which has put them in a tight spot. There are concerns that NBFCs may run out of money, which will lead to defaults.

Measures to tackle the NBFC crisis, relaxation in bank borrowing norms, boost to capital market activity and larger public infra spends top the wish list of corporates’ expectations from the new government.

In an interview with ETCFO, Keki Mistry, Vice-chairman and chief executive officer of India’s top mortgage lender Housing Development Finance Corporation Ltd takes stock of the situation facing the non-bank lenders.